$70M Funding Round Makes Happy Money Smile

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Fintech startup Happy Money wants to make cash strapped customers happy by helping them cut down on their debt and save money. And thanks to successful new funding, they can continue this mission.

The Costa Mesa, CA based company announced it raised $70 million in Series D funding, coming from a sole source, CMFG Ventures which is the venture capital arm of CUNA Mutual Group.

Happy Money helps its members pay off debt, save money and evaluate how they spend money based on their “happy” or “sad” spending patterns. Their in-house “Happy Score” measures their financial health using cash flow, savings, behavioral and psychometric data.

“This successful fundraise is a direct validation of the Happy Money movement and ultimately strengthens our position against what we call ‘Sad Money,” said Scott Saunders, CEO and founder of Happy Money, in a statement. “Mindful capitalism is the future, and we’re leading the charge.”

Since its launch in 2099, Happy Money raised over $140 million from investors including CMFG Ventures, Anthemis Group, Toba Capital, and other investors.